2018 Ghana Club 100 unveiled

Ghana Club 100

The latest edition of the Ghana Club 100 has been unveiled at the weekend in Accra. Ghana Investment Promotion Centre (GIPC) hosted top executives of corporate Ghana at a glittering event held at the plush Kempinski Gold Coast Hotel where the identities of the leading 100 companies in the country were revealed.

Scancom, operators of the MTN Ghana network emerged as the number one corporation in the country at the prestigeous awards which ranks the top 100 predominantly privately owned companies. Ghana Oil Company, popularly known as GOIL, which is the largest downstream petroleum products marketing firm emerged 2nd,  Goldfields Ghana ranked 3rd while Kosmos Energy, the company that discovered the Jubilee oil field, emerged 4th.

Newmont Golden Ridge, which operates the Akyem gold mine ranked 5th, ahead of its sibling, Newmont Gold Ghana, operator of the Ahafo gold mine which emerged 8th, behind GLICO Healthcare, the leading private health insurance company which ranked 6th and Olam Ghana, an agricultural services firm which ranked 7th and also was adjudged the best new entrant into the Ghana Club 100.  The top 10 companies were rounded up by Wilmer Africa which placed 9th and Enterprise Trustees which ranked 10th.

The members of the Ghana Club 100 are determined and ranked using strictly quantitative criteria to eliminate subjectivity. The criteria used are size, measured by turnover and which carries a 40% weighting; profitability measured by returns on equity and which has a 30% weighting; and growth, measured by three years compounded growth in turnover and which also has a 30% weighting.

MTN Ghana was adjudged the largest predominantly privately owned company in Ghana and also the largest taxpayer. With regards to size, Goldfields and Goil were the 1st and 2nd runners up respectively.

Multi Pro was adjudged most profitable company, ahead of Asa Savings and Loans and GC Net. GLICO Healthcare was rated fastest growing company ahead of Enterprise Trustees and Asa Savings and Loans. Goldfields Ghana’s Tarkwa Mine was adjudged best company in corporate social responsibility followed by Anglogold Ashanti’s Iduapriem mine and Standard Chartered Bank.

Yesli Ice, an SME that makes organic ice cream and drinks with indigenous flavours was voted Company of the Future , ahead of Francis Aluminium and Learning Organization respectively through a public voting process that was conducted while the Ghana Club 100 members were being unveiled.

This year’s Ghana Club 100 is the 17th edition and the event at which its members were revealed was held under the theme “Technology, Innovation and Entrepreneurship – opportunities for growth and job creation.”

The chief host for the event was Yofi Grant, CEO of the GIPC. In attendance as special guests were some of the most influential people in Ghana including Finance Minister Ken Ofori Atta, his Deputy, Kweku Kwarteng (who represented President Nana Akufo-Addo), Bank of Ghana Governor, Dr Ernest Addison, first deputy governor, Dr Maxwell Afari and Deputy Minister for Trade and Industry, Robert Lindsay.

By Toma Imirhe